Duality Advisers LP Purchases 9,385 Shares of Roper Technologies, Inc. (NYSE:ROP)

Duality Advisers LP lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 355.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,026 shares of the industrial products company’s stock after purchasing an additional 9,385 shares during the quarter. Roper Technologies accounts for approximately 0.7% of Duality Advisers LP’s portfolio, making the stock its 12th largest position. Duality Advisers LP’s holdings in Roper Technologies were worth $6,745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ROP. Norges Bank bought a new stake in Roper Technologies in the 4th quarter worth approximately $756,176,000. Mackenzie Financial Corp raised its holdings in shares of Roper Technologies by 45.6% during the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after acquiring an additional 280,873 shares in the last quarter. First Trust Advisors LP grew its stake in Roper Technologies by 149.7% in the fourth quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after purchasing an additional 220,006 shares during the period. Corient Private Wealth LLC grew its stake in Roper Technologies by 32.8% in the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after purchasing an additional 211,967 shares during the period. Finally, Wellington Management Group LLP grew its stake in Roper Technologies by 134.5% in the fourth quarter. Wellington Management Group LLP now owns 272,763 shares of the industrial products company’s stock worth $148,702,000 after purchasing an additional 156,468 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, CFO Jason Conley sold 3,500 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the transaction, the chief financial officer now owns 33,685 shares of the company’s stock, valued at approximately $18,965,328.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the transaction, the chief financial officer now directly owns 33,685 shares in the company, valued at $18,965,328.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Wright sold 300 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.8 %

ROP traded up $4.72 during trading on Friday, reaching $560.65. The company had a trading volume of 129,403 shares, compared to its average volume of 508,411. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 52 week low of $472.18 and a 52 week high of $569.49. The stock has a market cap of $60.01 billion, a P/E ratio of 40.49, a PEG ratio of 2.90 and a beta of 1.02. The business has a 50 day simple moving average of $545.89 and a 200-day simple moving average of $543.64.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business earned $3.90 EPS. Roper Technologies’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.17 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s payout ratio is 21.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank of Canada dropped their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Oppenheimer reaffirmed an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Barclays increased their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday. Mizuho increased their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Finally, Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $587.09.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.